The core concept of any insurance policy is to offer coverage from the unforeseen adversities. And, in case of professional indemnity insurance policies, the spirit of insurance is unaffected. These policies enable you to avoid any sort of damage due to professional error, omission or act of negligence towards a third party in this highly litigious professional world. These policies are a must for all individuals, companies and organizations engaged in services like providing advice, designing work and other other professional service.
proper homework should be done before buying a professional indemnity insurance policy. You should buy a policy according to the type and size of your business or organization. Even if your domains of expertise charities and advisory bodies, professional indemnity insurance are also helpful to you. You should analyze the maximum damage coverage, limit of indemnity, coverage of any legal costs before buying the PII policy.